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Papara Acquires Investment Platform Finfree
YouTube Will Be Able to Request the Removal of Artificial Intelligence
Content That Imitates a PersonMeta Changes AI Label for Photos on Social Media
Amazon Rivals Giants
Mindsite Receives $1.5 Million Investment on $15 Million Valuation
Papara Acquires Investment Platform Finfree
According to the information published by the Competition Authority; Papara has taken action to acquire the local investment platform Finfree.
Papara, which has attracted attention in recent months by purchasing the entirety of Pakistan-based electronic money institution SadaPay, is now planning to acquire the local investment platform Finfree.
According to the data published by the Competition Authority, the shares of Finfree, or officially Laplace Analytics Financial Technologies Joint Stock Company, will be taken over by PPR Holding Joint Stock Company, which Papara acquired in 2023.
Finfree was founded in 2020 by Senih Mete Dal, Adnan Can Türkay and Cem Ünüvar. As you may recall, we informed you that Finfree received investments from Gedik Yatırım and Papara in May 2021. In April 2023, social investment platform Finfree received investments from Goodwater Capital.
YouTube Will Allow Requests to Remove AI Content That Impersonates a Person
YouTube has introduced a new process for reporting AI content that mimics human faces or voices as a privacy violation. The change is designed to specifically address special circumstances, such as children, people without access to computers, or deceased individuals.
However, it should be noted that YouTube does not automatically respond to requests for content to be removed. The company considers whether the content is generated by AI, whether it identifies a person, and whether the content is parody, satire, or in the public interest. It also considers factors such as whether the content includes a well-known person and whether that person is shown to be engaging in criminal activity, violence, or supporting a political candidate.
YouTube gives the person who uploaded the content 48 hours to process the complaint. If the content is removed, the video must be completely deleted from the site, and the name of the content and personal information must be removed from the video title, description, and tags.
Meta Changes AI Labeling for Photos on Social Media
Meta recently decided to change its AI label for photos after it came under heavy criticism for incorrectly labeling real photos as “AI-made” with basic editing.
This flaw was brought to light by photographers and content creators who complained that the AI label was unfairly discrediting their work on social media platforms.
Now, in an effort to fix this issue, Meta has decided to change its AI label from “AI-made” to “AI knowledge.” The software giant stated that the “AI-made” label does not align with people’s expectations and does not always provide enough context.
Amazon Rivals the Giants
Amazon is preparing to compete with Chinese giants such as Shein and Temu, which offer affordable products. Amazon plans to open an online store similar to Temu to make it easier to sell affordable products from China. This new store will be an exciting development, especially for those who prefer to shop on a budget.
Online stores such as Temu and Shein, which sell affordable Chinese products, have recently gained great popularity in Turkey. These stores can offer much more affordable products to consumers by eliminating intermediaries, thus offering attractive opportunities to customers. Amazon is preparing to take its place in this field as one of the biggest companies that has noticed this opportunity.
With Amazon's new store, it plans to ship products directly from sellers in China to customers. In this way, the delivery time of the products will be between 9 and 11 days, eliminating the problem of long waiting times for products coming from China. Amazon is also committed to providing its users with a faster and more seamless shopping experience during this process.
Mindsite Raises $1.5 Million at $15 Million Valuation
Mindsite, which operates in the field of e-commerce analytics, announced that it received an investment of $1.5 million and achieved a valuation of $15 million. In this new investment round, TTGV's Teknoloji Yatırım, Vestel Ventures and Tacirler Portföy Yönetimi led by Finberg, as well as individual investors Utku Öz and Ömer Hayri Erkmen managed by Gelecek Etki GSYF also made follow-on investments. TT Ventures GSYF was another participant in the investment round.
Mindsite is known as a customer of large companies such as Colgate, PepsiCo, Johnson & Johnson, Unilever, Arçelik, Watsons, Migros, Eczacıbaşı, Ferrero, Pazarama and Nestle. According to the information provided by the company, Mindsite, which operates in 14 different markets, cooperates with more than 50 companies and collects data of 600 thousand products per hour from 320 different e-commerce platforms. On a daily basis, 100 million lines of big data are analyzed and these analyses are produced in real time.
The main modules offered by Mindsite include Price, Visibility, Availability, Content and Rating & Review. In addition, the company offers AI-powered products such as Smart Pricing and Review Sentiment Analysis in e-commerce.
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